Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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anyone thinking about investing in cnr will take one look at the posts here at run to the hills.
i know we are all mostly in the red on here but the constant ******** and name calling isn't gonna help the cause.
it only takes a few pi's to build a little momentum that might increase any potential deal.
disappointing it maybe but this is the aim and you shouldn't invest money you're not prepared to lose.
on the flip side i've got a dead cert in the 13.30 at lingfield if anyone is interested.
Hmm a female dog ing is filtered
I fully concur with your comments ’Slippery1’ and am also guilty of posting my frustration! Do you honestly believe that any posts on here will discourage PI’sfrom investing, any more than ramping or deramping would influence the SP?
The negative posts won't make a person's mind up but it could eadily deter them from doing their own research
Slippy, do you think posts like £3.93 a month after permits could stop someone doing their own research???
And I thought Bob the builder had grown up
Or do you thing the chairman on record expecting 250 k oz production this year might stop peeps doing their own research. 1 year with no deal and only 3 site visits is what is stopping new investors along with geo politicals not posts on here.
Still May be a deal but it is pretty obvious to most that there is not a host of companies chomping at the bit to gobble us up. News of a deal will negate negative views however the sp is telling the story at the moment.
Slippery, no one is thinking of investing in Condor, because no one is thinking of investing in mining. At least, that's according to Larry Fink:
https://www.telegraph.co.uk/business/2023/10/30/investor-disdain-mining-threatening-net-zero-blackrock/
But don't tell anyone here, because they think it's all Condor's management's fault that the share price is so low. Don't get me wrong, no doubt they ultimately are responsible, but if there is zero appetite for investment in the sector then they don't exactly have much of a chance do they?
Let's get that first binding offer agreed and see who else is interested in making a counter offer. No doubt once the deal is signed and sealed the mining sector will suddenly roar back to life for the greatest bull market ever!!
Err, if that is the case why the hell try to sell the company in the first place when building a mine was clearly the best thing to do ( particularly as we have a mill bought)?
I agree Nero.
It's bizarre. I hear there is not enough copper, lithium, rare earths etc. to meet 'green' ambitions by 2030, let alone 2050. And yet mining attractiveness is very low at the moment. We are probably at the start of a new commodities boom and yet the market is markedly slow on the uptake.
I'm also frustrated at the lack of a deal, but I'm not buying in to the conspiracy theory stuff about JM considering taking Condor private. It would make no sense. If Condor have a challenge is raising $100m+ to build out a mine, why would JM want to take 100% of the financial and political risk himself. It's utter nonesense in my mind. I think he wants out, but at what he considers the right price. We simply don't know what that price is, albeit it's likely to be between $100m and $200m in my mind with an increasing chance towards the lower end.
As for advisors saying that there is no deal. Well, we all know that or there would be an RNS. No deal is hardly news. Ring me up and I'll tell you the same, 'no deal yet'.
What we need to be thinking about is the 'what next?' aspect. We may have a few quid in the pot but this sales exercise will need some sort of funding before long. That's probably what the bidders are waiting for, albeit I suspect JM has kept his powder dry on that one.
It doesn't feel 'close' but then anything can happen at any time as we all know.
Meanwhile, in increasingly desperate attempt to create volume another .5p is shaved off the price. I sense the law of diminishing returns has kicked in judging by the effectiveness of recent price drops.
Mako Mining and Calibre are clearly great case studies for how to make a lot of money from gold mining in Nic. While its depressing we have not joined them when we could it also gives a lot of confidence to buyers of Condor that mining in Nic is highly profitable and highly stable and geo political risk is limited given plenty of western miners in the country doing very well. Mako today just announced a 5% share buy back as they dont know what to do with all the cash coming in the doors and equally think they are undervalued but at least can take action. Calibre are filling the cash balance so fast Condor could be side dish they could tack on the side and hardly make a dent. A few years makes a big difference and while Calibre is flying and worth £400m , condor is now £25m. Even if Calibre issued a small amount of paper and some cash Condor would almost be a freebie as in a matter of months as they could truck the ore to their mine and sell and payback the cash portion. Yes they might not be in pole position, as we expect Chinese are tabling a cash offer, but once the binding offer is in Calibre could easily swoop when the time suits. For calibre waiting is better for them as they fill their coffers with $100m a year currently. Mako is also a very interesting proposition but do not see them as a buyer but maybe a JV partner now they are bringing in high levels of cashflow that could fund a mine build and be a better use of cash than buy backs. Lets hope November sees a binding deal to get Condor out of the current malaise as 1 year is really a key point to get a deal done. MC will now have many options available so he is probably also deciding which direction to go in. Waiting while we have $2000 gold is a not the right answer as at this level pay back could be 9 months of production only so crazy not be speed track the mine build whether it is Condor or an acquirer.